Financial institutions operate in an environment where trust, compliance, and fraud prevention are inseparable. To protect the financial system from money laundering, terrorist financing, and identity ...

On May 13, the Securities and Exchange Commission (SEC) and the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) jointly proposed to require that SEC-registered investment ...

The SEC is proposing a new customer identification program on the heels of the Treasury Department’s February 2024 proposal to stem potential money laundering. The program would require RIAs and ...

Regulators on Friday issued an order exempting banks from the requirement to collect taxpayer identification numbers, or TINs, directly from customers before opening an account under the Customer ...

The Securities and Exchange Commission and Treasury Department on May 13 issued a rule proposal aimed at combatting money laundering that would require registered investment advisers and exempt ...

The American Fintech Council, an association representing Fintech companies and BaaS banks, has submitted a response to the US Department of Treasury, Financial Crimes Enforcement Network (FinCEN) ...